Thursday, November 2, 2017

NOC rolls back petro price hike

Nepali Oil Corporation (NOC) has rolled back its decision to hike the prices of petroleum products after Prime Minister Sher Bahadur Deuba asked them to take it back.
The state-owned petro monopoly had increased the prices of petrol, diesel, kerosene and cooking gas on Wednesday night but the premier has today morning asked the NOC to take the decision back as the country is nearing election.
NOC had increased Rs 2 per litre in petrol, Rs 1.5 each in diesel and kerosene, and Rs 25 per cylinder in cooking gas effective from Wedbesday midnight.
"But NOC withdrew its decision to increase the prices of petroleum products under the directive of prime minister Sher Bahadur Deuba," according to the government oil monopoly.